Hemisphere's Debt Coverage

[RTaber1]

A "Simply Wall Street" article describes Hemisphere's debt servce as "not well covered". Do they have a point or do they need to update their research?

[dan_s]

They need to update their research. That must be a very old article. Take a look at row 47 on the forecast model. They have more than enough free cash flow to pay off all of their debt within a year from today. Very few upstream companies have that luxury.

You can find the company's balance sheet on their website.
Read the 6th bullet point here:
https://www.hemisphereenergy.ca/sites/d ... 0Final.pdf

All of their senior debt is held by Cibalo, a PE based in Houston.